Helu.io in a $10 million series A led by CommerzVentures, and joined by tech-focused VC IRIS and early-stage investor Speedinvest.

Helu, a Vienna, Austria-based SAAS developer of financial tools, raised $10 million in series A equity financing round.

The money was raised from investors including led by the German bank's venture arm CommerzVentures, and joined by IRIS VC and Speedinvest.

Helu, founded in 2020 by a former Speedinvest employee Franz Salzmann, developed a software solution that aims to simplify accounting data and present CFOs at small and mid-sized companies with an easily digestible, yet comprehensive financial overview, down to the lowest booking level. The company incoporates data from DATEV, in order to streamline multiple financial data sets into a single, customisable dashboard.

Helu previously raised a $5 million seed round from investors including the German VCs from Force Ventures and Atlantic Labs, wefox founder Fabian Wesemann, Bitpanda founder Eric Demuth, the former Lakestar partner Gilad Novik, Marco Rodzynek (Noah Conference), and Oliver Manojlovic.